India Now Has 1.76 Lakh Registered Startups, 118 Unicorns: FM Sitharaman

India now has 1.76 lakh registered startups, 118 unicorns: FM Sitharaman

New Delhi: The number of registered startups has reached 1.76 lakh in the last 11 years, with 118 unicorns (startups with $1 billion valuation and above), thus fueling youth entrepreneurship, Finance Minister Nirmala Sitharaman said on Friday.  In a post on social media platform X, the Finance Minister said that "youth in India are building startups and creating jobs". This is "a glimpse of the work done for the youth in the last 11 years under …

India’s Unicorn Club: Here's The Comprehensive List Of 100+ Unicorns In India

In 2013, venture capitalist Aileen Lee introduced the term ‘unicorn’ to describe the rarity of startups achieving a valuation of over $1 Bn. A decade later, unicorns in India have become emblematic of the country’s flourishing startup ecosystem.  By May 2022, India celebrated a landmark moment when neobanking startup Open raised $50 Mn, earning the distinction of being the nation’s 100th unicorn. This milestone was the result of an extraordinary…